The rates of income tax applicable under the Finance Act, 1999 for the financial year 1999-2000 i.e., assessment year 2000-2001 in the case of an individual are given below:

Total Income (Rs.)

Rate

Surcharge

Upto Rs. 50,000/-

Nil

-

Rs. 50,000/- to 60,000/

10%

Nil

Rs. 60,000/- to Rs. 1,50,000/-

20%

10%

Rs. 1,50,000/-

30%

10%

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